Gold Prices Remain Steady Above 75,000 Mark; Check Rates In Your City!

New Delhi: Gold price today in India (22 carat) traded in positive territory and traded at  Rs 68,860 per 10 gram (gm) on Saturday, September 21, 2024. While, the price of 24 carat gold today stood at Rs 75,120 per 10 gm. As far as 18 carat gold  is concerned, its prices traded at Rs 56,340 per 10 gm.  These data have been taken from “Good Returns.” Silver price today also traded in positive territory and stood at Rs 92,600 per kg.

MCX Gold & Silver Rate

Albeit in futures trade,  silver and gold contracts faced selling pressure on Saturday. Gold contracts for October delivery was marginally down 0.04% to Rs 74,014 per 10 gm on the Multi Commodity Exchange (MCX). And, silver contracts for December delivery was also marginally down 0.06% at Rs 90,080 per 1 kg.

Gold and Silver Prices today in different cities in India:

Gold Prices Have Risen Ever Since Fed Cut Rates

Prices of the oldest commodity known to mankind has only risen recently.  The rise in the yellow metal prices can be attributed to US Central Bank Federal Reserve’s decision to cut interest rates earlier this week. One more reason is rise in demand by local jewellers in India ahead of the upcoming festive and wedding season. Towards the end of every year, gold prices generally glitter owing  to rise in demand in India.

Moreover, it has been reported that gold imports in India more than doubled to $10.06 billion in August 2024. Hike in imports due to huge domestic demand also leads to price surge.   

Silver prices too have not disappointed investors. The grey metal prices have not fallen for the last eight days consecutively.  

Also Read: Gold Glitters Again, Rises To Rs 75,110; Silver Too Up For Seventh Straight Day